The SHG Bank Linkage has been proved to be successful in providing access to financial services from the formal Banking Sector to the poorest of the poor. In order to develop effective credit products for small / marginal / tenant farmers, oral lessees and share croppers, as also entrepreneurs engaged in various non-farm activities, the scheme for Joint Liability Groups was launched.

Thrissur-DCB is the leading bank in the State in promoting and credit linking 1515 JLG's and offered loan to the tune of Rs. 32 crores [Year 2014-2015]

To minimize risk in the loan portfolio for the banks through group approach, cluster approach, peer education and credit discipline

Eligibility

Members should be of similar socio economic status and background carrying out farming activities and who agree to function as a joint liability group.

The group must be organized by the likeminded farmers / individuals

The members should be residing in the same village / area and should know and trust each other well enough to take up joint liability for group / individual loans.

The group member should not be a defaulter to any other formal financial institution.

JLG should not be formed with members of the same family and more than one person from the same family should not be included in the JLG.

There is a need for a very active member of the group to ensure leadership role and ensure the activities of the JLG. The selection of a good / able / active leader for the JLG is an essential need which will ultimately benefit all the JLG members.

The group should be ideally of 4 to 7 members to enable the group members to offer mutual guarantee

For purchase and rearing of goats, feed, animal insurance, cultivation of green fodder, transportation of animal, construction of shed et. Also for rearing rabbits and construction / purchase of cages and shed

Links

THRISSUR DISTRICT CO - OPERATIVE BANK

In 1954,when Cochin and Travancore was amalgamated, the then Travancore central Cooperative bank granted the status of apex bank and the Cochin central cooperative bank was affiliated as district cooperative bank...
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